Methanol Market worth 54.16 Billion USD - Global Trends & Forecasts to 2021

The report "Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021", The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.

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The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the position of these companies in the market.  They have been adopting various organic and inorganic growth strategies such as joint ventures & agreements and expansions to enhance the current market scenario of methanol.

These stakeholders include:

• Methanol manufacturers
• Methanol traders
• Distributors and suppliers
• End-use market participants of different segments of methanol
• Government and research organizations
• Associations and industrial bodies
• Research and consulting firms
• R&D institutions
• Environment support agencies
• Investment banks and private equity firms

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Automotive is the largest end-use industry of the market and accounted for more than 20% of total market share in 2015. Methanol can be used directly in internal combustion engines of vehicles and aircrafts, with similar efficiency to diesel engines. Currently, methanol is used as an ideal fuel for transportation in many parts of the world, due to its efficient combustion, and low cost compared to all other fuels.

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